WWE released their earnings report on Thursday morning for the second quarter of 2016. Some highlights of the report include the following:
* Revenue increased 32% to a record $199 million, which is the highest quarterly revenue in company history.
* WWE Network acheived a record 1.52 million paid subscribers on average, up 25% from Q2 2015.
WWE Chairman Vince McMahon commented on the Q2 2016 earnings report with the following:
“I continue to be pleased with the execution of our strategy to optimize the long-term value of our content. Progress on this objective is evidenced by the continued year-over-year growth of WWE Network, the transition of SmackDown to a live format every week and the completion of our first exclusive content agreement in China.”